Quantum Source Raises $50M to Advance Photonic Quantum Computing
Quantum Source, which is developing technology for practical photonic quantum computers, has raised $50 million in a Series A funding round. The funding round was led by Eclipse, with participation from Standard Investments, Level VC, Canon Equity, as well as existing investors Pitango First, Grove Ventures, 10D, and Dell Technologies Capital. This round brings Quantum Source’s total capital raised to $77 million. The capital will be used to enhance engineering capabilities and accelerate the commercialization of quantum solutions.
Quantum computing is a fundamental paradigm shift in computing, with the potential to dramatically accelerate technological advancements in drug design, material development, cybersecurity, and more. Photonic quantum computing technology offers the best route to commercialization; however, the biggest obstacle has been the massive inefficiency in creating entangled photonic states, a challenge that Quantum Source addresses.
Quantum Source was founded in 2021 by semiconductor industry veterans and serial entrepreneurs Oded Melamed (CEO), Gil Semo (VP R&D), Dan Charash (Chairman), and Professor Barak Dayan (Chief Scientist), a world-leading scientist in the field of quantum optics.
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